Retail

The New Jersey retail landscape has changed, but the spending power of its residents hasn’t. Owners of malls, shopping centers and mixed-use projects will continue to adapt and invest in the state.

SJP details plans for new 130,000 sq. ft. fitness complex in Bridgewater

SJP Properties and Life Time, the national fitness operator, have unveiled plans for what they say will be a first-of-its-kind health and entertainment complex at a Bridgewater office campus.

New ownership ditches plan for Sayreville ‘fortress mall,’ report says

A joint venture has scrapped a long-awaited plan to build a futuristic, 2.2 million-square-foot “fortress mall” along the Garden State Parkway, replacing it with a proposal for a mixed-use, urban-style retail village that is more in line with changing consumer tastes.

K&G leases 18,500 sq. ft. at Azarian complex in Passaic County

The Azarian Group LLC has added a men’s fashion retailer to its tenant roster at a 50,000-square-foot shopping center in Woodland Park, the firm announced recently.

LMC: Restaurant inks second N.J. location in Franklin Twp.

An Afghan and Middle Eastern restaurant business is set to expand into Somerset County, following a commitment to a 266,000-square-foot shopping center in Franklin Township.

Pilates chain set to continue rapid expansion in N.J., Ripco says

A fast-growing Pilates chain has added roughly 20 locations in New Jersey in the past two years, with plans to add at least another 10 in the state as part a continued nationwide expansion.

Finance & Capital Markets

HFF brokers $17.4 million acquisition loan for Toms River retail center

A joint venture has closed on a Toms River shopping center with the help of $17.4 million in acquisition financing from an area bank, brokerage firm HFF said Monday.

Woodbridge strip center fetches $1.35 million, Marcus & Millichap says

A private investor has paid $1.35 million for a 5,850-square-foot strip center in Woodbridge.

Ripco: Farmers market lease brings Saddle Brook retail center to full occupancy

A farmers market will be the latest addition to a 220,000-square-foot shopping center in Bergen County, according to brokers with Ripco Real Estate who arranged the transaction.

Dumpling, dessert eateries coming to Edison retail center, Jeffery says

Two new food concepts are set to join a highway shopping center in Edison, following a nearly 3,000-square-foot deal brokered by Jeffery Realty.

Pierson: Fast casual pizza concept adds two N.J. locations

Fast casual chain Blaze Pizza has expanded its footprint with the addition of two new stores in Somerset and Essex counties, according to a broker with Pierson Commercial.